The CEO of Swiss bank UBS, Sergio Ermotti, will receive roughly the same salary in 2024 as the previous year, despite working for longer than the previous year. + Get the most important news from Switzerland in your inbox Ermotti's remuneration totalled CHF14.9 million last year, compared to CHF14.4 million in 2023. This ends speculation that he could be awarded millions more. + Read about the fight between UBS and Swiss regulators However, Ermotti only worked for the big bank for nine months in 2023, having taken the helm on 1 April 2023 to manage the integration of the acquired Credit Suisse. Extrapolated to one year, this would have been CHF19.2 million in the previous year. Of the CHF14.9 million for Ermotti in 2024, CHF2.8 million is the fixed salary and CHF12.1 million is the variable salary component, according to the annual report published on Monday. The bonus for 2023 had been around CHF12.3 million. Chair gets more A total of CHF143.6 million will be paid out to the ...
